Sun TV shines bright

The results were announced after market hours on Thursday 28 June 2007.

The scrip had touched a high of Rs 1,641 and a low of Rs 1,545 during the day so far. Its 52-week high was Rs 1,849 on 8 February 2007 and 52-week low Rs 950 on 28 June 2006.

On BSE, 36,925 shares were traded on the counter. The average daily volume in the stock was 28,210 shares on BSE in the past one quarter.

Sun TV Network’s share price rose from Rs 1,322.15 on 8 June 2007 to Rs 1,620.85 on 26 June 2007. The stock had declined since then to Rs 1,527.35 on 28 June 2007.

The stock had gained 9.14% in the past one month to 28 June 2007 versus the Sensex's 0.65% rise. It had underperformed the market in the past three months, rising 0.96% as against the Sensex's 10.96% appreciation.

The current price of Rs 1610 discounts its FY 2007 EPS of Rs 39.02 by a PE multiple of 41.26.

Sun TV Network’s net profit surged 310.9% to Rs 118.86 crore in Q4 March 2007 as compared to Rs 28.93 crore in Q4 March 2006. Sales spurted 382.2% to Rs379.04 crore in Q4 March 2007 as against Rs 78.60 crore in Q4 March 2007.

Net profit jumped 106.42% to Rs 268.82 crore in the year ended March 2007 (FY 2007) as against Rs 130.23 crore in FY 2006. Sales advanced 110.29% to Rs 676.95 crore in FY 2007 as against Rs 321.91 crore in FY 2006.

Along with the Q4 results, Sun TV Network also informed stock exchanges that the register of members & share transfer books will remain closed from 28 July 2007 to 6 August 2007 (both days inclusive) for the purpose of payment of final dividend, stock split, bonus issue.

The company had earlier announced a stock split from face value of Rs10 each to face value of Rs5 each and bonus in the ratio of one equity share of Rs 5 each for every share held. Thus bonus will be issued after giving effect to the stock-split.

Sun TV announced on 14 June 2007 it signed an exclusive cable and satellite channels agreement with Nimbus Communications to broadcast live feed of the one day international (ODI) matches of the Ireland Series between India, Ireland, South Africa and Pakistan, to be held between on 23 June 2007 to 3 July 2007.

The company launched its FM Radio Station in Bhubaneshwar under the brand 'S FM' from June 28, 2007 through its subsidiary South Asia FM .

Sun TV's integrated growth strategy is to build a dominant presence in south India. It is a leading television broadcaster in all southern states of India. It offers four Tamil language channels including Sun TV, Sun News, Sun Music and KTV as also two Malayalam channels Surya TV and Kiran TV, apart from Telugu and Kannada channels.

Sun TV also operates leading Tamil radio stations, Suryan FM in Chennai, Coimbatore and Tirunelveli. The two subsidiaries of the company, Kal Radio and South Asia FM, jointly hold 41 FM radio licences for FM radio stations across India.